Lockheed Martin Corporation (NYSE:LMT) Shares Bought by Avantax Planning Partners Inc.

Avantax Planning Partners Inc. boosted its stake in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 7.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,574 shares of the aerospace company's stock after buying an additional 829 shares during the quarter. Avantax Planning Partners Inc.'s holdings in Lockheed Martin were worth $5,617,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Eagle Capital Management LLC boosted its holdings in shares of Lockheed Martin by 0.3% in the fourth quarter. Eagle Capital Management LLC now owns 10,827 shares of the aerospace company's stock valued at $5,261,000 after buying an additional 32 shares during the period. Brighton Jones LLC grew its position in shares of Lockheed Martin by 5.0% during the 4th quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company's stock worth $1,941,000 after purchasing an additional 191 shares in the last quarter. Hudson Portfolio Management LLC acquired a new position in Lockheed Martin in the fourth quarter valued at about $256,000. Victory Capital Management Inc. boosted its position in shares of Lockheed Martin by 25.6% during the 4th quarter. Victory Capital Management Inc. now owns 285,815 shares of the aerospace company's stock worth $138,889,000 after acquiring an additional 58,334 shares in the last quarter. Finally, Cookson Peirce & Co. Inc. acquired a new position in shares of Lockheed Martin during the 4th quarter worth $237,000. 74.19% of the stock is owned by institutional investors.

Lockheed Martin Price Performance

LMT traded up $0.76 during trading on Friday, hitting $463.31. 707,859 shares of the company traded hands, compared to its average volume of 1,354,786. The company has a market cap of $108.55 billion, a PE ratio of 20.01, a P/E/G ratio of 1.61 and a beta of 0.28. The stock's 50-day simple moving average is $470.89 and its two-hundred day simple moving average is $465.87. The company has a current ratio of 1.08, a quick ratio of 0.91 and a debt-to-equity ratio of 2.79. Lockheed Martin Corporation has a 1 year low of $418.88 and a 1 year high of $618.95.

Lockheed Martin (NYSE:LMT - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The aerospace company reported $7.28 earnings per share for the quarter, topping the consensus estimate of $6.34 by $0.94. The business had revenue of $17.96 billion during the quarter, compared to analysts' expectations of $17.83 billion. Lockheed Martin had a return on equity of 104.09% and a net margin of 7.66%. As a group, sell-side analysts anticipate that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Tuesday, September 2nd will be issued a dividend of $3.30 per share. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.85%. The ex-dividend date of this dividend is Tuesday, September 2nd. Lockheed Martin's dividend payout ratio (DPR) is 57.02%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Melius cut Lockheed Martin from a "buy" rating to a "hold" rating in a report on Monday, March 24th. Melius Research cut shares of Lockheed Martin from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 24th. Royal Bank Of Canada downgraded shares of Lockheed Martin from an "outperform" rating to a "sector perform" rating and reduced their price objective for the stock from $550.00 to $480.00 in a research report on Thursday, March 27th. UBS Group boosted their price objective on Lockheed Martin from $481.00 to $499.00 and gave the company a "neutral" rating in a report on Wednesday, April 23rd. Finally, Wells Fargo & Company decreased their price objective on Lockheed Martin from $476.00 to $432.00 and set an "equal weight" rating for the company in a report on Tuesday, April 8th. Nine equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $541.80.

Lockheed Martin Profile

Lockheed Martin Corporation, a security and aerospace company, engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services worldwide. The company operates through Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space segments.